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alison, anything left to say? >> i agree, i agree. i believe there's money there to fix us and to make us whole. and not even to become whole like we were, just something near, something near and we'll do the rest, but, but to build in an area that is totally unprotected and not to do anything toward that, it's just, it's putting the cart before the horse and it's, we're going to get devastated again. >> well, we're very grateful that you took the time to be with us today and share your stories with us this afternoon. thank you so much. >> thank you. [applause] >> all right, thank you all. and if you'd like to help victims of superstorm sandy one of the ways is going to tunnel to towers.org. their home find a elp those place to live and you get to pick the specific area you want to donate to. if you're a new york resident who has trouble collecting insurance the state set up a website to assist with insurance related issues stemming from sandy. www.nyinsure .ny.gov. we'll be back with some closing thoughts. want to try to crack it? ye
alison, anything left to say? >> i agree, i agree. i believe there's money there to fix us and to make us whole. and not even to become whole like we were, just something near, something near and we'll do the rest, but, but to build in an area that is totally unprotected and not to do anything toward that, it's just, it's putting the cart before the horse and it's, we're going to get devastated again. >> well, we're very grateful that you took the time to be with us today and share...
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. >> alison you were in the staten island town hall. people's frustration are to the level of now they are angry. where do they go from here? >> the problem is, that they are inviting us to rebuild, but the problem is, that the shore line is so unprotected and basically has been since the nor'easter of 1992, and the burr rough president said over and over again that there is no funding and the army corp of engineers can't do anything. but we don't believe that that is it true. they always have funds for everything. it is just if it takes a declaration of whatever it is to declare what we need to get done, they can fix the shore line, even if we volunteer and do it ourselves. give us the supplies to do it and we'll do it why are talking about a community of people who are there 50, 60 and 70 years. these are our hopes and where we want to be . we want to go from, we don't want to go anywhere else. we love our community. >> that's a good point. i was going to ask what it was like for your kids. are you able to look past the next couple of
. >> alison you were in the staten island town hall. people's frustration are to the level of now they are angry. where do they go from here? >> the problem is, that they are inviting us to rebuild, but the problem is, that the shore line is so unprotected and basically has been since the nor'easter of 1992, and the burr rough president said over and over again that there is no funding and the army corp of engineers can't do anything. but we don't believe that that is it true. they...
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Dec 31, 2012
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let's get straight to alison kosik at the new york stock exchange. investors clearly on edge and stocks are lower and up and down, they aren't going to make any big moves on the last day of the year not knowing what's going to happen with the cliff. >> a wait and see mode, christine. the stocks are flat right now. the investors are waiting for lawmakers to make their move. what's interesting this session, stocks started off deeper in the red. they turned around. they're more flat now because the market really is trading on these headlines coming out of washington. right now those headlines seem more positive than negative. volatility could pick up toward the close as we get closer to the deadline and investors get more uneasy about holding onto their positions because they're gun-shy to hold onto positions because they don't know which way lawmakers will go on wednesday when the markets re-open after new year's day. >> they made a lot of money this year. let's be honest, this has been a good year in stocks, despite all the fiscal cliff uncertainty. i
let's get straight to alison kosik at the new york stock exchange. investors clearly on edge and stocks are lower and up and down, they aren't going to make any big moves on the last day of the year not knowing what's going to happen with the cliff. >> a wait and see mode, christine. the stocks are flat right now. the investors are waiting for lawmakers to make their move. what's interesting this session, stocks started off deeper in the red. they turned around. they're more flat now...
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Dec 27, 2012
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alison kosik has more. tell us about how this deal is going to pay out people who currently own toyotas and those who sold them. >> there are three parts to this. this is turning out to be one of the biggest lawsuits of its kind. it reinvolves around the sticky pedal issue. that's where some drivers said they experienced unintended acceleration. their gas pedals got stuck in floor mats. this settlement is going to cover about 16 million vehicles for 1998 to 2010 models. once a judge approves the settlement, current owners of the cars will get a brake override system installed as well as a customer care plan with a ten-year warranty on parts tied to the acceleration. another part will compensation current owners whose cars are not eligible for the system and a third and separate fund will go to all the former toyota owners who sold their cars but for reduced prices because of all the negative publicity surrounding these events. the settlement does not cover personal injury claims, but it comes as they try to
alison kosik has more. tell us about how this deal is going to pay out people who currently own toyotas and those who sold them. >> there are three parts to this. this is turning out to be one of the biggest lawsuits of its kind. it reinvolves around the sticky pedal issue. that's where some drivers said they experienced unintended acceleration. their gas pedals got stuck in floor mats. this settlement is going to cover about 16 million vehicles for 1998 to 2010 models. once a judge...
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thank you, alison. appreciate it. if congress can't reach this deal by midnight, higher taxes is not the only concern for a lot of folks. many families may not have money many can youing in at all. nearly 2 million people are at risk of losing their long-term federal unemployment benefits as the new year begins. another 1 million workers are going to exhaust their 26 weeks of state unemployment benefits in the first quarter and are not going to be able to file for a federal extension. joining us now is the president of optimum capital management ryan mack. ryan, good to see you. first of all, a lot of people very worried here because we are talking about those who are really at risk, those who might not get their unemployment benefits. what kind of options do they have. >> essentially, these are a lot of individuals operating out of fear. we do a lot of work around the country talking to those collecting the checks and basic questions, am i going to be able to eat? am i going to be able to pay for housing and shelter?
thank you, alison. appreciate it. if congress can't reach this deal by midnight, higher taxes is not the only concern for a lot of folks. many families may not have money many can youing in at all. nearly 2 million people are at risk of losing their long-term federal unemployment benefits as the new year begins. another 1 million workers are going to exhaust their 26 weeks of state unemployment benefits in the first quarter and are not going to be able to file for a federal extension. joining...
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alison kosik joining us with the latest information. what's coming up, alison? >> reporter: it was a huge year at the box office. a record $10.8 billion in tickets just this year. with the total number of tickets sold rising for the first time in three years. a big reason for it was because it was a big year for blockbuster movies. look at "the avengers." morehan $620 million in sales in the u.s. alone. also helping, "the hobbit," "the dark knight rises" and "skyfall," a pretty good pic i saw. theaters have switched to digital projectors which helps them move to extra screens to meet the demand. also social media builds up a big buzz behind these films. that's driven more people to the box office than in previous years. that's been a good thing for shares of movie studios and movie chains. lions gate which owns "the hunger games" franchise, lions gate has seen its stock price almost double this year. >> sort of an impact did it have on more movies on more screens? it just means there were more showings. that clearly had to have an impact. >> yeah, just think abo
alison kosik joining us with the latest information. what's coming up, alison? >> reporter: it was a huge year at the box office. a record $10.8 billion in tickets just this year. with the total number of tickets sold rising for the first time in three years. a big reason for it was because it was a big year for blockbuster movies. look at "the avengers." morehan $620 million in sales in the u.s. alone. also helping, "the hobbit," "the dark knight rises" and...
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alison kosik, live from the new york stock exchange. thank you as always. >>> the head of the national rifle association says to call him crazy for proposing more guns in schools. the nra's ceo wayne lapierre insists a ban on assault weapons won't prevent mass killings, which he blames on violent video games and the media. he says armed guns eed guards are the best way to prevent tragedies. >> if it's crazy to call for putting police and armed security in our school to protect our children, then call me crazy. i'll tell you what the american people, what they think it's crazy not to do it. >> and it's the end of an era for "newsweek" magazine. it's very last print e edition. the magazine will become a digital-only publication. this is a black and white photo and it's of the magazine's old new york headquarters. the 80-year-old "newsweek" fell victim to readers who moved online. in a statement, the editor said "we're making our last momentous change, embracing a digital medium that all our competitors one day will need to embrace. we are
alison kosik, live from the new york stock exchange. thank you as always. >>> the head of the national rifle association says to call him crazy for proposing more guns in schools. the nra's ceo wayne lapierre insists a ban on assault weapons won't prevent mass killings, which he blames on violent video games and the media. he says armed guns eed guards are the best way to prevent tragedies. >> if it's crazy to call for putting police and armed security in our school to protect...
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alison loved to laugh, was developing her own sense of humor. she would sometimes make her parents cry with laughter. they write, allison made the world a better place for six far too short years and we now have to figure out how to move on without her. she was a sweet, creative, funny, intelligent little girl who had an amazing life ahead of her. our world is a lot darker now that she's gone. dawn hochsprung was known as a tough educator who always found time to smile. she was 47 years old and principal of sandy hook elementary school. her pride in her school was obvious to anyone who knew her. friends and colleagues alike say she had a positive energy and a strong work ethic. she constantly tweeted about her students' achievements in school. and recently oversaw the installation of a new security system at sandy hook. her students loved her. a friend of dawn's told us, even little kids know when someone cares about them and that was her. on friday, dawn was in a meeting when she heard the gunshots. she ran out into the hall and died lunging at
alison loved to laugh, was developing her own sense of humor. she would sometimes make her parents cry with laughter. they write, allison made the world a better place for six far too short years and we now have to figure out how to move on without her. she was a sweet, creative, funny, intelligent little girl who had an amazing life ahead of her. our world is a lot darker now that she's gone. dawn hochsprung was known as a tough educator who always found time to smile. she was 47 years old and...
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alison kosik is at the new york stock exchange so is it being sold and what does this mean? >> well the deal has been made, that still needs regulatory approval but if the deal does go through it would mean the building i'm sitting in, the new york stock exchange euronex will wind up operating essentially under new ownership. intercontinental exchange is looking to buy nyse, the parent of the new york stock exchange, an $8.2 billion cash and stock deal. it's known as i.c.e., it operates as this electronic exchange and trades futures and over-the-counter energy and commodity contracts. i.c.e. has other exchanges looking to buy the nyse is trades in other things different from what's traded here. they trade crude oil, natural gas, and they've even expanded their activities into softer commodities like cotton and sugar and coffee, so you're seeing sort of something new being thrown into the mix. as we speak shares of the nyse are surging 35% in the premarket. remember the nyse euronex is a public company and you're seeing these shares surge, carol, because the deal values it at
alison kosik is at the new york stock exchange so is it being sold and what does this mean? >> well the deal has been made, that still needs regulatory approval but if the deal does go through it would mean the building i'm sitting in, the new york stock exchange euronex will wind up operating essentially under new ownership. intercontinental exchange is looking to buy nyse, the parent of the new york stock exchange, an $8.2 billion cash and stock deal. it's known as i.c.e., it operates...
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alison kosik is in new york. you probably get the best price on things today. >> you would think so. if you ever had any doubts that we're not a nation of procrastinators, think again. 17 million people out in the stores just today. believe it or not, it's not as many as the number of people who hit the stores on black friday weekend. still "consumer reports" put out a survey they conducted september 10th through 17th, and look at what they found. 67% of shoppers, they're not done yet shopping. 14%, they haven't even begun. so today is the first day they're starting their christmas shopping with hours to go. as you said, carol, you're probably going to find a lot of bargains out there for toys, winter clothes, and other items retailers want off their shelves by january. that's not what last-minute shoppers are likely looking for surprisingly. well over half told "consumer reports," they'll just grab a gift card at this point. wine and liquor, they're also popular last-minute shoppers. 27% said they'll give cash.
alison kosik is in new york. you probably get the best price on things today. >> you would think so. if you ever had any doubts that we're not a nation of procrastinators, think again. 17 million people out in the stores just today. believe it or not, it's not as many as the number of people who hit the stores on black friday weekend. still "consumer reports" put out a survey they conducted september 10th through 17th, and look at what they found. 67% of shoppers, they're not...
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cnn's alison kosik is watching the post christmas trading. she joins us next. >>> retailers were hoping shoppers will spend big today. early figures show holiday sales slum slumped to the lowest levels in three years. alison kosik, every time i drive by the mall, the parking lot was full. every time i went in one, there were people everywhere. what is behind the weak sales this year and can post christmas shoppers really turn things around now? >> you make good points, victor. analysts are telling us there are two big factors at work here. hurricane sandy, hit holiday shopping right when it was beginning to rev up in early november. then the worries about the fiscal cliff they took over everybody's pocketbooks. people are really worried their taxes going up. so what do you get? you get holiday sales not doing too hot. holiday sales are up a little less than 1%, winds up being the weakest growth in three years. it is still early. these numbers are still rolling in. but, you know what, they're not a good sign. after christmas spending, it could
cnn's alison kosik is watching the post christmas trading. she joins us next. >>> retailers were hoping shoppers will spend big today. early figures show holiday sales slum slumped to the lowest levels in three years. alison kosik, every time i drive by the mall, the parking lot was full. every time i went in one, there were people everywhere. what is behind the weak sales this year and can post christmas shoppers really turn things around now? >> you make good points, victor....
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alison kosik at the new york stock exchange. >> already down for the dow 117 points. kinding seeing a shift in attitude. if you see what's happening over the last few weeks wall street has been banking on a deal and you can see that in how stocks performed. the s&p 500 is up over the past month. guess what? now wall street is nervous, one analyst says this plan b vote was a litmus test for congress's ability to work out a solution. the way wall street sees it now this is a sign of gridlock. the s&p pa 00 is up 15% so just to put that in perspective, get ready for a tough friday so it's hardly time to panic. the sell-off won't last through the end of the day so they're more optimistic. >> could a sell-off influence washington to get something done? >> a sell-off could be a wake-up call for congress, just out playing chicken with the economy and it has worked before. you look at 2008, stock sold off after the house initially rejected a bank bailout. congress came around and passed it. it may take a direct hit to give lawmakers a kick in the butt especially since we've b
alison kosik at the new york stock exchange. >> already down for the dow 117 points. kinding seeing a shift in attitude. if you see what's happening over the last few weeks wall street has been banking on a deal and you can see that in how stocks performed. the s&p 500 is up over the past month. guess what? now wall street is nervous, one analyst says this plan b vote was a litmus test for congress's ability to work out a solution. the way wall street sees it now this is a sign of...
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alison kosik is in new york. al ison, what are the possible consequences can have. >> it would cause a whole host of consequences. what afternoon happens here we often talk about the debt ceiling and people's eyes glaze over. i want to talk about what the debt ceiling is. it's a cap, set by congress, the amount of money that if federal government can borrow. the current creeling is at $16.3 trillion and what secretary treasurer tim geithner said we could hit it on monday, meaning new year's eve and what the treasury will start doing is using extraordinary measuring to keep the government from going over the limits. so let's say for example you're a government worker. that could mean that the government could go into your pension. then what could happen if we do go through the creeling? well, the treasury won't be able to pay the country's bills in full or on time and that means the u.s. could default on some obligations. it would cripple the economy, send markets into the tail spin. that could hit retimer savings
alison kosik is in new york. al ison, what are the possible consequences can have. >> it would cause a whole host of consequences. what afternoon happens here we often talk about the debt ceiling and people's eyes glaze over. i want to talk about what the debt ceiling is. it's a cap, set by congress, the amount of money that if federal government can borrow. the current creeling is at $16.3 trillion and what secretary treasurer tim geithner said we could hit it on monday, meaning new...
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. >> and alison, this actually happened two years ago when there was a delay for the filing. how did that impact folks there? you say it is a very difficult situation for a lot of people. >> yes. what you're talking about is what happened in 2010 when it took, you know, president obama and lawmakers until mid-december that year to reach an agreement on many of the same issues. that delayed the opening the tax season until mid-february, which hit about 9 million taxpayers. here's the difference with this now, with the oberto negotiatfi negotiations. we're later in the game, and the impact could be much bigger. the reason it's so frustrating is because congress has been passing these fixes for ages, and both parties will agree to a fix. they will agree to a pact, but until the the broader cliff deal is reached, those tax paris wants to file early to get refunds are out of luck because lawmakers don't want to touch the amt until they fix the fiscal cliff issue. it's actually crazy if you ask me. >> alison, thank you very much. this just in to cnn here. we have breaking news. we
. >> and alison, this actually happened two years ago when there was a delay for the filing. how did that impact folks there? you say it is a very difficult situation for a lot of people. >> yes. what you're talking about is what happened in 2010 when it took, you know, president obama and lawmakers until mid-december that year to reach an agreement on many of the same issues. that delayed the opening the tax season until mid-february, which hit about 9 million taxpayers. here's the...
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alison kosik has more on that from the new york stock exchange. >> hi, joe. the housing market continues to be one of the brightest bright spots for the u.s. economy. today we learned home prices in the 20 biggest cities in the u.s. rose 4.3% in october, compared to october of 2011. s&p case-shiller says it's the biggest increase in more than two years. the new numbers reaffirmed the recovery in the housing market continues to gain steam. recent reports have also shown home sales, home building, and builder confidence are also moving higher. but here's a reality check. prices are still down 29% from their peak, which was hit in 2006. still, cities that took the biggest hit during the recession are now seeing the biggest increases in home prices. prices in phoenix are up more than 20% from last year. in detroit, prices are up 10%. only two of the 20 cities measured showed a decline in october, chicago and new york, but new york also had a much smaller housing bust, so it's all relative. and at this point, it's all relatively good. joe? >> you know, that's real
alison kosik has more on that from the new york stock exchange. >> hi, joe. the housing market continues to be one of the brightest bright spots for the u.s. economy. today we learned home prices in the 20 biggest cities in the u.s. rose 4.3% in october, compared to october of 2011. s&p case-shiller says it's the biggest increase in more than two years. the new numbers reaffirmed the recovery in the housing market continues to gain steam. recent reports have also shown home sales,...